menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics Study Set 8
  4. Exam
    Exam 7: Consumers Producers and the Efficiency of Markets: Consumer Surplus
  5. Question
    Bob Purchases a Book,and His Consumer Surplus Is $3
Solved

Bob Purchases a Book,and His Consumer Surplus Is $3

Question 7

Question 7

Multiple Choice

Bob purchases a book,and his consumer surplus is $3.If Bob is willing to pay $8 for the book,then the price of the book must be


A) $3.
B) $8.
C) $5.
D) $11.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q2: Figure 7-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-4

Q3: Ray buys a new tractor for $118,000.He

Q6: Figure 7-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-3

Q8: Suppose Katie,Kendra,and Kristen each purchase a particular

Q9: Janine would be willing to pay $50

Q10: Consumer surplus is<br>A)the amount a buyer is

Q11: Figure 7-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-4

Q12: Figure 7-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-1

Q14: Henry is willing to pay 45 cents,

Q116: You are offered a free ticket to

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines